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A shop was sold for Rs 3,000,000 by an agent who received a commission of 2.5%. How much commission did he receive?

User Zags
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Final answer:

To find the commission received by the agent for selling a shop at Rs 3,000,000 at a rate of 2.5%, multiply 3,000,000 by 0.025, resulting in a commission of Rs 75,000.

Step-by-step explanation:

The question involves calculating the amount of commission an agent receives for selling a shop, which is a mathematical problem related to percentages. Given that the selling price of the shop is Rs 3,000,000 and the agent's commission rate is 2.5%, we first need to find the commission amount in terms of percentage. This is done by multiplying the total price by the commission rate.

To calculate the commission: Commision = Selling Price × Commission Rate. Therefore, Commission = Rs 3,000,000 × 0.025.

Now, we multiply 3,000,000 by 0.025 to get the commission amount: Commission = Rs 75,000. So, the agent received a commission of Rs 75,000 for selling the shop.

User Vgel
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